Oct 2015: The company pares back 2016 capital expenditure for the petroleum business by six per cent to $US2.9 billion ($A3.99 billion).

DAM DISASTER

Nov 2015: Seventeen people die and two are still missing following the collapse of two tailings pond dams at the Samarco iron ore mine in Brazil. The two partners could be liable for billions of dollars in fines and payment of damages.